Question: 1 A firm is evaluating a proposal which has an initial investment of $100,000 and has cash flows of $30,000 per year for five years.

1 A firm is evaluating a proposal which has an
1 A firm is evaluating a proposal which has an initial investment of $100,000 and has cash flows of $30,000 per year for five years. The payback period of the project is d out of question O a. 2.3 years O b. 4 years O c. 3 years. O d. 3.3 years

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